(C) FATF / Twitter
The UAE has indicated its strong commitment to working closely with FATF to address remaining areas of improvement through the implementation of an action plan.
Intending to ensure the success and sustainability of the UAE’s efforts to strengthen its anti-financial crime framework, FATF has announced that it has placed the UAE under increased monitoring.
FATF has noted that the UAE has “greatly strengthened” its anti-financial crime framework, the action plan builds on the firm foundations established and important efforts already underway.
The UAE’s Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism comments on the country’s ongoing efforts to fight financial crime.
“The UAE takes its role in protecting the integrity of the global financial system extremely seriously and will work closely with the FATF to quickly remedy the areas of improvement identified. On this basis, the UAE will continue its ongoing efforts to identify, disrupt and punish criminals and illicit financial networks in line with FATF’s findings and the UAE’s National Action Plan, as well as through close coordination with our international partners.”
The UAE’s remarkable commitment to them extending efforts to fight money laundering and counter-terrorist financing remains a key pillar especially as the country continues to build on its status as an attractive global business hub that operates in line with international standards. Additionally, concentrated actions and ongoing measures taken by the UAE Government and supportive private sectors are in place to secure the stability and integrity of the country’s financial system.
The firework festival that is celebrated across Japan traces its roots back to the 18th century of the Kyoho famine.…
This escalation of a border dispute between Thailand and Cambodia has gained momentum and is becoming a serious threat, as…
Sports is one such profession where an individual announces their retirement even before their forties. It might be a pricking…
Moon Ga Young, anchored herself as a charming, versatile actress with a strong screen presence in the South Korean entertainment…
Hope, courage and a wave of positivity is circled around the stadium within the team and among the fans who…
BWF China Open, one of the most important tournaments of world badminton calendars, was formally started on July 22 and…
This website uses cookies.
Read More